General Motors Company $GM Stock Sold by Douglas Lane & Associates LLC

Key Points

• Douglas Lane & Associates cut its GM stake by 30.3% in the third quarter, selling 13,324 shares and retaining 30,700 shares valued at approximately $2.36 million. Institutional investors collectively own 92.67% of GM.
• Analysts maintain a broadly positive outlook, with GM receiving a consensus “Moderate Buy” rating and an average price target of $101.52, compared with its quoted price of $82.78.
• GM exceeded quarterly expectations, reporting $3.57 in EPS and $48.03 billion in revenue, while CEO Mary Barra and other insiders sold shares under pre-arranged trading plans. The company also declared a quarterly dividend of $0.18 per share, yielding about 0.9% annually.

Douglas Lane & Associates LLC decreased its position in shares of General Motors Company (NYSE:GM - Free Report) TSE: GMM.U by 30.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,700 shares of the auto manufacturer's stock after selling 13,324 shares during the period. Douglas Lane & Associates LLC's holdings in General Motors were worth $2,364,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GM. BlackRock Inc. purchased a new position in General Motors in the 2nd quarter valued at approximately $5,958,995,000. Dimensional Fund Advisors LP lifted its holdings in General Motors by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 14,225,518 shares of the auto manufacturer's stock worth $1,059,668,000 after buying an additional 77,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in General Motors by 1.2% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,559,990 shares of the auto manufacturer's stock worth $659,804,000 after purchasing an additional 101,885 shares in the last quarter. Bank of America Corp DE purchased a new stake in General Motors in the second quarter valued at $629,465,000. Finally, Legal & General Group Plc acquired a new stake in shares of General Motors during the second quarter worth about $599,066,000. Institutional investors and hedge funds own 92.67% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on GM. Wells Fargo & Company raised their price objective on shares of General Motors from $60.00 to $61.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 22nd. Morgan Stanley lifted their price objective on General Motors from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Wednesday, July 22nd. Barclays upped their price objective on General Motors from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. Royal Bank Of Canada upped their target price on shares of General Motors from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 22nd. Finally, Daiwa Securities Group boosted their price target on General Motors from $83.00 to $86.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, General Motors has a consensus rating of "Moderate Buy" and an average target price of $101.52.

Insider Activity at General Motors

In other General Motors news, CEO Mary Barra sold 318,448 shares of the company's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $90.38, for a total value of $28,781,330.24. Following the completion of the transaction, the chief executive officer directly owned 428,994 shares of the company's stock, valued at $38,772,477.72. This represents a 42.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Christopher Hatto sold 6,895 shares of the company's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $90.00, for a total value of $620,550.00. Following the completion of the transaction, the chief accounting officer directly owned 18,899 shares in the company, valued at approximately $1,700,910. The trade was a 26.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 549,665 shares of company stock valued at $49,010,828. 0.44% of the stock is currently owned by corporate insiders.

General Motors Stock Performance

NYSE:GM opened at $82.78 on Friday. General Motors Company has a fifty-two week low of $54.33 and a fifty-two week high of $91.85. The firm's 50 day moving average is $84.79 and its two-hundred day moving average is $80.82. The company has a market cap of $72.64 billion, a P/E ratio of 41.81, a P/E/G ratio of 0.46 and a beta of 1.40. The company has a quick ratio of 0.97, a current ratio of 1.14 and a debt-to-equity ratio of 1.42.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.19 by $0.38. The firm had revenue of $48.03 billion during the quarter, compared to the consensus estimate of $47.01 billion. General Motors had a return on equity of 18.18% and a net margin of 1.05%. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.53 earnings per share. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. Analysts expect that General Motors Company will post 13.52 EPS for the current year.

General Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Shareholders of record on Friday, September 4th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.72 annualized dividend and a yield of 0.9%. General Motors's dividend payout ratio (DPR) is 36.36%.

General Motors Company Profile

General Motors Company NYSE: GM is a global automotive manufacturer headquartered in Detroit, Michigan. Founded in 1908, the company designs, manufactures and sells cars, trucks and sport utility vehicles under brands including Chevrolet, Buick, GMC and Cadillac.

GM serves customers primarily in North America and also operates in international markets. Its business includes gasoline-powered and electric vehicles, commercial and fleet vehicles, vehicle financing through GM Financial, and connected-vehicle services such as OnStar.

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